How Wire Fraud Starts

Criminals begin the wire fraud process way before the attempted theft occurs. Most often, they begin with a common social engineering technique called phishing. This can take the form of email messages, website forms or phone calls to fraudulently obtain private information. Through seemingly innocuous communication, criminals trick users into inputting their information or clicking a link that allows hackers to steal login and password information.

Wire Fraud

Protect Your Money

Protect Your Money from Wire Fraud Schemes When Buying a Home
To help raise awareness about wire fraud, ALTA created a 2-minute video that provides four tips on how consumers can protect their money and offers advice on what to do if they have been targeted by a scam. ALTA members are encouraged to link to this video from their website, include in email or share on social media.

Examples of Fraudulent Emails
Check out a few examples of the types of email you may receive from criminals attempting to steal funds for a real estate transaction.